Fears that the insurance industry will be rocked this year by a surge in subsidence claims have been scotched by a leading loss adjuster.
Crawford & Co managing director Ian Muress said the heatwave will not cause "an event year" in subsidence claims and is advising clients that, while claims could go up, the rise will not be dramatic. He said: "There will be a blip, but it will not be a huge event."
Research by the company said, although the recent hot weather caused soil to dry out, moisture levels are still high from rainfall earlier in the year.
The view is backed by the ABI which is not expecting an increase in claims this year.
But associate solicitor Katharine Riley of Beachcroft Wansbroughs warned it could be worth preparing for the worst. She said: "While we cannot speculate on whether this will be an event year we are advising, with prompt control of vegetation you can nip the problem in the bud."
